Collecting Social Security: Now or Later?

The following article helps you sort through the details of answering an age-old question (no pun intended): Should I collect Social Security at age 62, or if I am able should I wait until later? While many people are in a financial bind that nearly forces them to take their Social Security benefits as soon as they turn 62 to meet their mortgage payments and basic necessities, others can afford to wait for a while. If you are one that can afford to wait, this article will tell you WHY you should wait.

The article points out that working longer to save more and receive a larger check in the future can be helpful to rebuild retirement accounts that may have been ravaged in the market. The article also discusses the advantages of a bigger nest egg and points out that if the unfortunate happens, the surviving spouse would receive a larger payment. In addition, this article takes a look at the real question when it comes to Social Security benefits: how long do you expect to live?

In this article you’ll also find helpful online tools for estimating your benefit amounts at various ages to help you decide if the money is worth the wait.

When to collect Social Security



For information on Social Security Disability, visit the

Social Security Disability Benefits Resource Center